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TRID
TRID “TRID” is an acronym that some people use to refer to the TILA RESPA Integrated Disclosure rule.
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Total of payments
Total of payments This number tells you the total amount of money you will have paid over the life of your mortgage.
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Total interest percentage (TIP)
Total interest percentage (TIP) The Total Interest Percentage (TIP) is a disclosure that tells you how much interest you will pay over the life of […]
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Title service fees
Title service fees Title service fees are part of the closing costs you pay when getting a mortgage. When you purchase a home, you receive […]
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Subprime mortgage
Subprime mortgage When lenders use the term, they generally mean a loan program for borrowers who do not qualify for a prime loan, often with […]
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Short sale
Short sale A short sale is a sale of your home for less than what you owe on your mortgage. A short sale is an […]
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Shared appreciation mortgage
Shared appreciation mortgage Under a shared appreciation mortgage, you agree to give your lender a share of any increase in the value of your home.
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Seller financing
Seller financing Seller financing is a loan that the seller of your home makes to you.
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